Whether at a school sports event or a casual dinner with friends the question always comes up. So here are my thoughts on the Capital Region real estate market. Yes, sales are down but so are prices. Yes, mortgage criteria has become more rigid but the rates are great. Our job market is stable. Our local economy is on the edge of a major expansion, with new industries entering the region.
Perception is reality. As consumers feel that we, as a nation are moving forward, and that their personal lives are improving, they will be more receptive to making changes and major purchases, such as investing in a home. The First Time Home Buyer Tax Credit Program has been a great tool to jump start the '09 housing market. So ignoe the negative press. Instead, follow the trends. We're coming back! Any comments?